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UPSC 2006: Consider the following statements: 1. In India, during the financial year 2004-2005 an increase of below 10 % over the value of exports (in rupee terms) in the financial year 2003-2004 was reported. 2. According to the WTO, India’s share in the world merchandise exports is 2 % in the year 2005. Which of the statements given above is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2
Attempt This Question
Not attemptedCorrect Answer: (d) Neither 1 nor 2
Economic Survey 2005-06 notes that India’s merchandise exports grew by 26.2 % in 2004-05—well above 10 %—so statement 1 is wrong. WTO statistics for 2005 put India’s share of world merchandise exports at about 0.9 %, not 2 %, so statement 2 is also wrong. Hence neither statement is correct. ([indiabudget.gov.in](https://www.indiabudget.gov.in/budget_archive/es2005-06/chapt2006/chap11.htm?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2006 Indian Economy question?▼
The correct answer is option (d): Neither 1 nor 2. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this External Sector & Balance Of Payments question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2006, GS Paper 1, as Question 42. It falls under Indian Economy > External Sector & Balance Of Payments.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from External Sector & Balance Of Payments?▼
UPSC has asked 49 questions from External Sector & Balance Of Payments (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.